Flipkart’s board recently authorized the PhonePe Pvt Ltd. unit to become a new entity and explore raising $1 billion from outside investors at a valuation of as much as $10 billion, according to people familiar with the matter. read more

India has told foreign e-commerce firms such as Amazon and Walmart’s Flipkart that they must ensure compliance with new foreign investment rules aimed at deterring them from providing steep online discounts read more

India, in 2017, put certain cost caps on certain procedural and remedial equipment largely to benefit poorer patients. read more

Amazon and Flipkart are among India’s largest e-commerce companies so their participation in any such survey could carry significant weight. Yet the pair are unlikely to answer questions in full as doing so would involve disclosing commercially sensitive... read more

Reliance Industries, which runs the world’s biggest single-location crude oil refinery in western India, has been gradually transforming itself into a consumer-facing behemoth through its retail and telecoms ventures. read more

On the investment front, India’s recent rules on e-commerce have inconvenienced Walmart and Amazon, both US companies, and which run India’s top two e-commerce market places. The change was made to placate India’s small retailers. read more

The Bentonville-based retailing major’s statement came after a recent report by global consultancy firm Morgan Stanley, which had hinted that Walmart may quit Flipkart as the new foreign direct investment (FDI) policy came into effect. read more

Binny Bansal, who departed after Flipkart’s new owner Walmart Inc. investigated alleged personal misconduct, is now focused on xto10x Technologies, a startup he co-founded with former colleague Saikiran Krishnamurthy. read more

Amazon.com Inc. and Walmart Inc. suffered a blow in India, the next frontier of e-commerce, when the government rejected requests to defer a deadline requiring online retailers to comply with tighter new rules starting on Friday. read more

The new regulations announced in December - under Press Note 2 - will bar online marketplaces with foreign investments from selling products of the companies where they hold stakes as well as ban exclusive marketing arrangements. read more

On December 26, the government barred online retailers like Flipkart India, in which Walmart is the majority shareholder, and Amazon, a unit of Amazon Inc., from selling products of companies in which they own stakes and disallowed them from entering... read more

India’s new foreign investment restrictions will, from February 1, bar e-commerce companies from selling products from firms in which they have an equity interest and also ban them from reaching deals with sellers to only sell on one platform. read more

Amazon and Flipkart will make presentations before India’s finance and commerce ministries to contest the new rules, local news channel BTVI said in a Twitter post, citing unidentified people. read more

The blaze that started November 8 levelled Paradise, destroying more than 13,000 homes. Paradise is about 140 miles north of San Francisco. read more

Walmart will lay off nearly 200 employees at Jabong and integrate the online fashion retailer into Myntra, Livemint reported on Friday, days after the head of Flipkart Group Binny Bansal resigned following an internal probe into a “serious personal ... read more